Data Mining Book

Archive for the ‘Mining’ Category

Since the implementation of the project Plain Second in November last year, the Blue Aragonite Mineralogical Association has developed various activities such as guided tours of the exhibition area of Geology and Paleontology, and lectures by experts in geological national importance and international.

The next conference, entitled “The fluoride. A century of mining in Asturias” by D. corer José Ramón Garcia Alvarez, a graduate in chemistry from the University of Oviedo (specializing in Analytical Chemistry). He worked for 7 years in research projects in the Department of Analytical Chemistry of the University, then was chief of laboratory of the company Rio Nacre Gold Mines SA and is the author of numerous publications on mining and mineralogy in national and international journals. He has also taught numerous courses of introduction to Mineralogy and scientific publication in Crystallography and Mineralogy.

On this conference Garcia Olivarez will tour the mining history of Asturias, thus presenting the latest works that is co-authored with M. Cleverly Gutierrez, C. Loquat Cabal and Lm Rodriguez Toronto.

The event will take place on Saturday, February 19 at 18:00 pm in the conference room at the Centro Cultural de la Villa – Casa de lass Cultures.

One of the most common arguments against the windfall tax on mining and oil companies because he says more or less as follows: as the state imposes a tax on income (IR) of 30% to companies, then, if the amount of profits increases, so will the IR collecting the taxes. Therefore, the country does participate in the windfall.

Let’s see a numerical example. Suppose US1.00/libra copper is copper, which is the price we had in 2000 and was the basis for determining whether a mining company was pursuing-or not their investment in a mine located in the X country Y. In that case, if the taxable income was U.S. $ 1.000 million, the state would charge U.S. $ 300 million company will have IR and Net Income of $ 700 million.

Add that the internal rate of return (IRR) of investment, the price of one (1) pound, was between 15 and 16% for the entire life of the mine, which was passed with applause from the directory the company as it largely exceeded the yield on Treasury bonds and bank savings.

The point is that in the following years the prices were about U.S. $ 3/libra (for reasons that have nothing to do with the mining company, for example, growth in China), which made up the taxable income U.S. $ 3.000 million. In this case, the IR will triple to $ 900 million, while the same will happen with the utility company, which will rise to U.S. $ 2.100 million. Read the rest of this entry »

The 33 miners rescued in October from a deposit in northern Chile are upset with the president, Sebastián Piñera, because it promised to guarantee health care for at least six months. “That’s a promise that they feel has been breached,” according to her lawyer reported. They have also sued the Asociación Chilena de Seguridad (ACHS) for his alleged responsibility in the accident which left them trapped for 70 days to 700 meters deep, as reported by one of his lawyers quoted by Efe.

According to the miners, the AChS should monitor and take action to ensure the safety of the San José mine, located in the Atacama desert, explained on Tuesday told Radio Cooperativa attorney Edgardo Reinoso.

ACHS is a private non-profit organization that provides full coverage of claims for accidents.
Four miners lost their licenses

Counsel also pointed out that in late December, the AChS was discharged four of the workers who lost their medical licenses, and salaries were paid for that entity, for missed therapy sessions due to travel abroad .

Those affected are Darío Segovia, Carlos Bugueño, Reygadas and Edison Omar Pena, the latter famous for running inside the mine and participate in the marathon in New York.

Known as shift manager, Luis Urzua, said the treatment was very good physically, but psychologically it was not up to it. “We want to be locked up. Spent 70 days underground and now they want to have in our homes,” he told the same station.

(FNM) According to statistics released recently by the Ministry of Information Industry and China, the country surpassed South Korea in 2010, in terms of capacity building and portfolio of orders for new ships.

Statistics show that between January and December 2010, Chinese shipyards completed construction of 65.6 million deadweight tons, a figure which represents an increase of 54.6% over the previous year. They also received construction orders for more than 75 million deadweight tons, almost three times the value obtained a year earlier.

Chinese analysts linked to the shipbuilding industry, attributed the rapid growth of activity in recent years, increasing domestic demand associated with growth capacity of the economy.

Chinese plants are mainly shipbuilding Located in the eastern provinces of Kiangs, the most important in relation to activity, “Shanghai, Hewing, and Shandong, and in Guangdong, located south of the country.

Since last December 6 is in effect the Supreme Decree (DS) 0726 which provides that “all the concessions, the mining, natural resources, electricity, telecommunications and basic services that were awarded before the December 6, 2010 , fit the existing constitutional order, automatically becoming Special Temporary Authorizations (ATE), while the migration takes place according to sectoral regulations issued. ” So, without further explanations in particular should expect the “rules” to determine the course of the announced “migration of concessions contracts.”

DOUBTS AMONG AFFECTED

In general, the Minister for Development Planning, Viviana Caro said on the subject that “the adoption of the rule guarantees the rights acquired by the dealers.”

For his part, Minister Carlos Romero autonomy, on the same subject said that “migration of concessions to mining contracts does not mean the loss of acquired rights (mine operators), in order to avoid future encroachments.”

The appropriate minister José Pimentel, more concise and concrete confirmed that the mining claims (over 9,000) were terminated in the mining and migrate … but temporary contracts “are special temporary authorizations that correspond to all sectors of the mining, including the state system and the cooperative business. It is further understood that the tasks in these productive businesses regularly maintained, while new standards are issued … (?)

It is precisely here, where doubts are operators of the extinct mining concessions. How to guarantee the continuity of mining operations for legal investment purposes, bonds payable, exports, recovery and security in a transitional period while the government prepares sectoral rules for its regulation. Read the rest of this entry »

Papua New Guinea will participate with $ 103 million in a joint project of mineral deposits, which for the first time; will be drawn from the deep sea, officials said Monday.

Papuan Mining Minister, John Pundari, told Radio Australia that the State has decided to join the project launched by the Canadian company Nautilus Minerals, which on Monday issued the license to operate the mine.

The agreement signed by both parties contemplated the option of Papuan state has a period of 30 days to claim the ownership of 30 percent of the project with an initial investment of $ 27 million, roughly the cost of work exploration carried out so far.

Pundari said that Papua New Guinea will provide a total of 103 million dollars over the next four through the state oil company Petromin.

Nautilus Minerals seeks to extract gold and copper mine located at 1,600 meters and an area of 59 square miles of the Bismarck Sea, northeast of the coast of Papua New Guinea. Read the rest of this entry »